Former Theranos Owner Elizabeth Holmes Faces Fraud, Cheating, and Lying Charges

The much-anticipated trial of former Theranos owner, Elizabeth Holmes, is set to kick off in San Jose, California. She is accused of duping several investors who fell for her blood technology company. Most of the investors include wealthy businessmen, government officials as well as desperate patients.

Elizabeth Holmes and Theranos

At the age of 19, Elizabeth Holmes dropped out of university. Despite being so young, she went on to found Theranos. The health technology company gained a lot of positive reviews in the US. It claimed it had created blood sampling automated devices. The devices needed just small amounts of blood to perform rapid blood tests. With such highly-rated technology, Theranos raised $700 million from investors. At its peak in 2013- 2014, Theranos had a value of ...

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